Quotes About Debt

When Reagan took office, the national debt was $934 billion; when he left, it was $2.7 trillion.

Some debts of the human soul are so enormous only life itself is sufficient forfeit. Perhaps in this case, all of the accounts are now paid in full . . . except mine.

Migrants are the creators of some of the biggest and most liquid capital flows anywhere. They send back some $600 billion in remittances every year,6 which amounts to three times more than the direct gains from abolishing all trade barriers, four times more than all foreign aid, and 100 times the amount of all debt relief.

Though liberal in his praise and always courteous and condescending to the shop-people, he was scarcely ever known to pay a bill and when he died, the amount of money owing to Brandy's was considerable. Mr. Brandy, a short-tempered, pinched-faced, cross little old man, was beside himself with rage about it. He died shortly afterwards, and was presumed by many people to have done so on purpose and to have gone in pursuit of his noble debtor.

Always live within your income, even if you have to borrow money to do so.

Never run into debt, not if you can find anything else to run into.

Countries change, of course, and it is still the same country, in a way, resembling a McCarthy America, except that McCarthy's America was not in debt. This is a bankrupt America, bankrupted partly by its suspicions and overspending on the military and over-reliance on consumerism.

The United States lived on borrowed money for too long, inflating its financial sector unnecessarily and neglecting its small and mid-sized industrial companies.

The evergreen story of people in debt becomes even sexier in an economic downturn, when debts inevitably get harder to pay.

The global boom in commodities fueled by a debt-financed infrastructure and real-estate bubble in China is over.

Borrowing isn't inherently bad; it depends a lot on what the debt is financing.

Initially, I did South Indian films because I needed the money; I had a huge student loan that I had to pay off. But I do feel that Marathi, English, and Hindi are what I'm more comfortable with.

Consumerism is the reason Christmas has morphed into a hollow shopping ritual that leaves too many families with debt hangovers and an empty feeling inside.

For the first time in American history, it's not clear whether or not it's smart for a 17-year-old to enroll in college. It absolutely depends on the debt load and the quality of the institution. That is a change from the way things always were and, frankly, the way things always should be. It should always be a good idea to go to college.

Without any formal personal finance instruction in our high school or college curricula, many college seniors who graduate in the red will continue to make common financial mistakes that only exacerbate their debt burdens.

Many developing nations have such severe debt and budget problems that the money given by developed nations will never be spent the way it is intended.

Ten years after lending a man from Barbados ten pounds, he wrote to him in 1700, "Sir, I presume the old verity 'If knocking thrice, no one comes, go off ' is not to be understood of creditors in demanding their just debts. The tenth year is now current since I let you ten pounds, merely out of respect to you as a stranger and scholar…. I am come again to knock at your door to enquire if any ingenuity or honor dwell there….

Wars in old times were made to get slaves. The modern implement of imposing slavery is debt.

The immense and undeniable loss of freedoms, as they were in 1900, is undeniable. We have seen the acceleration in efficiency of the tyrannizing factors. It's enough to keep a man worried. Wars are made to make debt. I suppose there's a possible out in space satellites and other ways of making debt.

Why do you butcher your carabao and feed a throng because your son is getting a wife?" Father always blustered to them who come asking for loans. But always, in the end, the tenants got the money--what they needed for a "decent" funeral, a baptism, a wedding. And as their debts piled up, they promised, "Next harvest will be good...

It's time to ask why [the United States] is the only country in the world where we permit our children to be saddled with tens — sometimes hundreds — of thousands of dollars of debt before they begin to earn a penny.

In a world awash in debt, power shifts to creditors.

When money's tight and is hard to get And your horse has also ran, When all you have is a heap of debt A PINT OF PLAIN IS YOUR ONLY MAN.

Think of renovating a house like operating the federal government. You start with a budget and the revenue to finance it. Then the special interests keep adding items to the list; you have to end the war between the interior decorator and the electrician, so you pump in more money to buy peace; and by the time you're done, you're $16 trillion in debt and having to borrow money from the Chinese.